Expectations among investors are high on Infosys Technologies as it comes out with a bonus share option or a stock split to shareholders on Tuesday, synchronising with the company breaching the $1 billion mark in revenues.

Infosys, the Nasdaq-listed software exporter, would become the first listed Indian information technology firm to reach the $1 billion mark, and the second after unlisted TCS, which is weighing options of coming out with an initial public offer.

Infosys had projected in January that it would earn a revenue between Rs 4,823 crore (Rs 48.23 billion) and Rs 4,835 crore (Rs 48.35 billion) for 2003-04 with a earning per share at Rs 186.70.

However, analysts view that the IT bellwether would beat its guidance with its trademark characteristic: "under promise over delivery" in its results.

Infosys scrip on Monday ended at Rs 5,139.85 on the BSE, down by Rs 172.85 over Thursday's closing of Rs 5,312.70.

Infosys results would set a benchmark for the software industry and influence trade in technology stocks on the stock market in the country. Infosys arch rival and NYSE-listed Wipro, which will also become a $1 billion firm in software exports has indicated it would announce bonus shares on its results day on April 16.